Latest News
BETTER BUSINESS BUREAU: BBB Business Tip: Boost your business with these curbside pickup best practices
By Press release submission | May 6, 2020
In the weeks and months ahead, there will be no “business as usual.”
Permian Strategic Partnership is optimistic regarding long-term future of basin
By Michael Pineda | May 4, 2020
In what could pass for some of the darkest times in state oil history, the Permian Strategic Partnership sees a light at the end of the tunnel.
PARSLEY ENERGY: Parsley Energy Announces Increase To Commitment Amount, Reaffirmed Borrowing Base, And Extension Of Maturity Date For Its Revolving Credit Facility
By Press release submission | May 1, 2020
Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") announced that it has entered into an amendment to its revolving credit facility,
ENCANA: Ovintiv to Host its 2020 First Quarter Results Conference Call May 8
By Press release submission | May 1, 2020
Announced plans to hold its 2020 first quarter results conference call at 9 a.m. MT on Friday, May 8, 2020.
SCHLUMBERGER: Lending a Hand to Local Communities during COVID-19
By Press release submission | May 1, 2020
Schlumberger facility produces hand sanitizer for frontline responders
DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Revised Time for First Quarter 2020 Conference Call on May 5
By Press release submission | May 1, 2020
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced that it has revised its first quarter 2020 conference call time.
COVID-19, plummeting oil prices have Midland businesses concerned
By Tamara Browning | Apr 30, 2020
Some Midland, Texas, business people are expressing concerns that COVID-19 and the drop in oil prices are converging to give the area a double whammy economically.
Hearing aid company serves as 'light' in the community during COVID-19
By John Suayan | Apr 23, 2020
Beltone is known to help the hearing impaired, but in these challenging times, the Glenview, Il.-based hearing aid company is lighting the way for the Permian Basin.
Midland County leads Permian Basin in January oil production
By Michael Pineda | Apr 23, 2020
If you are looking for oil in Texas, you are looking toward the Permian Basin.
Midland area suffers drop in oil permits
By Michael Pineda | Apr 23, 2020
The drop-off in the state oil industry began its descent at the beginning of the year as the Midland area recorded a 27% decrease in permits from the previous year.
BIG D EQUIPMENT CO: Explaining Negative Oil Prices
By Press release submission | Apr 21, 2020
Midstream players are now paying buyers to take oil volumes away as the physical storage limit will be reached.
CIMAREX: Cimarex Announces Further Reduction to 2020 Capital Plans; Curtails 30% of May Volumes
By Press release submission | Apr 21, 2020
Announced that, due to the continued weakness in oil prices, it now expects a 55-60 percent reduction in its 2020 capital investment program from its original guidance of $1.25-$1.35 billion.
SCHLUMBERGER: Schlumberger Announces First-Quarter 2020 Results
By Press release submission | Apr 21, 2020
Schlumberger Announces First-Quarter 2020 Results
ENCANA: Ovintiv to Host its 2020 First Quarter Results Conference Call on Friday, May 8, 2020eN
By Press release submission | Apr 21, 2020
Announced plans to hold its 2020 first quarter results conference call at 9 a.m. MT on Friday, May 8, 2020.
PLAINS MARKETING,LP: Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of First-Quarter 2020 Earnings
By Press release submission | Apr 21, 2020
Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced they will release first-quarter 2020 earnings after market close on Tuesday,
Oil companies set sights on Midland County in hopes of industry rebound
By John Suayan | Apr 17, 2020
The Permian Basin has experienced the brunt of the energy downturn in Texas, with Midland County perceived as the area’s last and only hope for a rebound.
Companies team up to provide COVID-19 screening, testing to Permian Basin energy workers
By John Suayan | Apr 17, 2020
RigUp and imaware are teaming up to offer COVID-19 screening and testing to Permian Basin energy-sector workers who cannot work from home.
New OPEC deal greeted with hope, wait-and-see approach in Permian Basin
By John Suayan | Apr 17, 2020
Texas’s oil and gas sector has been through a slump for more than a year, with the novel coronavirus exacerbating the downturn.
ENCANA: Ovintiv Restructures Crude Oil Derivatives to Provide Additional Downside Protection; Company Now Plans to Reduce Second Quarter 2020 Investments by $500 Million
By Press release submission | Apr 8, 2020
Ovintiv Inc. restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020.
DIAMONDBACK ENERGY: DiamondBack Energy, Inc. Provides Revised 2020 Guidance and Updated Hedge Positions
By Press release submission | Apr 8, 2020
Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") provided revised full year 2020 guidance and updated hedge positions.